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20121202
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that because of hurricane sandy, job creation might have been a little slower last month, the unemployment rate might have stayed a little bit higher. it turns out that sandy did have an impact, but not on the headline numbers. >> if you look deeper in the report, you do see that over a million workers who normally work full time were reduced to part-time hours during the reference week because of bad weather, and over 300,000 additional workers weren't able to work at all because of bad weather. >> reporter: and because of the way the labor department calculates or figures out and decides -- defines who is working part time, full time or working at all and when, sandy's impact did not show up in the overall numbers. but one thing did. as you mentioned, 350,000 people left the work force, about the same number stayed in, and that is what put downward pressure on the unemployment rate taking it down to 7.7. heather? heather: peter barnes reporting live from the white house, thank you. so what can the federal government do to kick start the economy and get more americans back to work in the new y
the pull back because of hiring being depressed because of hurricane sandy. maybe you'll see some of that in the next month, but this was a strong report on its surface. digging in the numbers. look at the right side on that graphic, 14.4% underemployment. the percentage of people working, eligible in the work force, 63.6%, you want that higher, too. >> we also learned about 350,000 people last month simply gave up and stopped looking for work, and that potentially caused that little drop in the unemployment rate. >> that's right. that's important to note, too, 350,000 gave up working. these could be people that are retiring early, taking early social security and they're getting out of the labor market. it could also be people, wolf, who have been on extended unemployment benefits, they roll off the benefits, try to find work for a couple months, they don't, so they drop out, too. >> are the november numbers part of a trend we've been seeing? what does this portend down the road. >> you have on average 151,000 jobs a month, the monthly average. the last couple months before now w
's assassination nfl games were played and after hurricane sandy games were played. this is unsurprising behavior. bill: they played and they won which has been not so often this year. martha: as everyone tries to sort this story out, for the first time we are hearing the audio of the police communications between first responders at the scene as this tragedy unfold. some of this is understandably disturbing. >> code one, number 1 air ahead drive. martha: what an awful story this is. we know miss perkins later died at the hospital. more on this story as we continue. bill: there has been growing concern about concussions in the nfl. back in 2012 players suffered 127 to date. the league has seen the number of players grow from 2004 to 2010. and not just football. conditions happen in the u.s. each and every year. martha: belcher is not the first nfl player to recently take his life. junior say oh and dave diewr on both died of self-inflicted gunshot wounds. we'll talk to jim coming up in the next hour. >> 6 minutes past the hour. former president george herbert walker bush waking up in a houston ho
of sandy. they feel the unemployment rate will remain at 7.9%. they're also concerned that the fiscal cliff is keeping jobs from hiring. vice president joe biden will have lunch with a group of middle class americans. their taxes could sky rocket if congress and president obama don't reach an agreement on a budget by the end of the year. the white house has highlighted several middle class families' struggles in making the case for a deal. >>> in syria tensioned at a boiling point between rebels and the government. syrian rebels have declared damascus international airport a military target, warning civilians and airlines not to approach it. this comes as reports of the government preparing to use chemical weapons on the civilians there. since march of 2011, 40,000 people have been killed in the country's civil war. >>> a u.s. capitol police officer is in the hospital this morning after being hit by a car. this happened around 8:30 last night around massachusetts avenue in northeast washington. we're told the officer was hit during a traffic stop. her condition has not been released. so far
report which is due at 8:30. economists are predicting superstorm sandy slowed job growth in november. right now, it is 5:38. we'll be back in just a moment.  [ female announcer ] for those who love sweets, your season is here. let's just call it the baking time of year. you need special ingredients. you need the staples. that's a given. you need safeway sugar for just $1.97. and that magic thing that makes everyone want another -- only $2.99 for land o'lakes butter. and when hands get messy, quite surely they'll say, "yum! wow! yay! what a sweeter holiday." safeway. ingredients for life. i'd like to thank eating right, whole grain, multigrain cheerios! my bowl, my spoons! mom, are those my jeans? [ female announcer ] people who choose more whole grain tend to weigh less than those who don't. multigrain cheerios has whole grain and 110 delicious calories. ...more grains. less you! multigrain cheerios in multi-grain cheerios peanut butter. >>> welcome back. new this morning, michigan is now one step closer to becoming a right to work state. yesterday, the state house and senate approv
is going to lose. ♪ bill: there is a new report that super storm sandy cost the economy $60 billion, for lost productivity and output. rick leventhal is live in staten island, new york where some industries have actually benefitted. what is the story there, rick? >> reporter: of koerbs, bil course, the businesses directly in the storm surge, retail and restaurants a lot of them have suffered dramatically. other businesses, contractors and home improvement have done very, very well. roofers, landscapers, electrical contractors. this couple run a electrical business and you guys have been crazy busy right? >> yes, since the storm we had hen emergency influx of emergency work. we are aeurbl to hire back some of the people we had laid off and we are looking to hire more people to handle the work that is coming in. >> reporter: you have more work than you can even do yourselves. >> wyatt this point. >> reporter: and you see what, no end in sight? >> we see this generating a very long term, at least a year, two years hopefully. >> reporter: it's great that they are actually able to employ
to help out with sandy recovery. many of those jobs last longer than what ups can offer. experts say that that's also part of the problem, but the fact that people want to hold out for more permanent better paying jobs, but, susan, one other thing here, the issue of filling positions isn't just in lower paying fields. there's currently a big skilled worker shortage, but one consulting group says it's not that there's not workers out there. it's that companies, they're being too selective about who they hire, and they don't pay competitive wages, suzanne. >> wow. complicated picture there, but yol a lot of people still out of work. some companies can't fill positions. thank you. appreciate it. >>> they're smart, right? they're playful? very intelligent. why would someone want to kill dolphins? we are searching for a killer. e just right. perfection is in the details. ♪ get to holiday fun faster with pillsbury cookie dough. hurry in and try five succulent entrees, like our tender snow crab paired with savory garlic shrimp. just $12.99. come into red lobster and sea food differently.
Search Results 0 to 6 of about 7

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